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Top 10 Apps for Buying Shares in Nigeria

Top 10 Apps for Buying Shares in Nigeria: Many previously difficult or demanding tasks are now made simple and adaptable thanks to the ongoing development of technology. We can accomplish so much with a phone in hand, right from the comfort of our beds. everything from buying and trading in the stock market, and buying shares to paying bills and shopping.

Even more, than one of these apps can be used to purchase Nigerian stocks. Purchasing stocks entails purchasing a portion of a company’s shares, which entails purchasing a portion of the company’s ownership. When these stocks or shares increase in value or when you start to receive dividend payments, you can also decide to sell them. And you may carry out all of this online and with a smartphone.

Also, Purchasing US stocks used to be as challenging as obtaining a USA visa. Despite being thousands of miles distant from the US, you are a Nigerian living in Nigeria with a business-minded mindset, and you are interested in investing in the US stock market. We’ve seen how many apps can make our daily life easier, and doing business online is getting better and better these days.

Here are the best 10 apps for buying shares in Nigeria for those who are new to investing and are hesitant to use investment applications.

READ MORE: Bear Market and Recession: How To Invest During One

Top 10 Apps for Buying Shares in Nigeria

  1. Bamboo
  2. Risevest
  3. Trove
  4. Chipper Cash
  5. Passfolio
  6. Chaka
  7. Afrinvest
  8. Primary Offer App by NGX
  9. I-invest
  10.  Payvest by Carbon

How to Purchase Share/Stocks in Nigeria Using Apps

1. Bamboo

investment app in Nigeria

Launched date: January 2020

CEO: Richmond Bassey

Numbers of Users: 300,000

One of Nigeria’s top investment apps is Bamboo. Over 3,500 equities on the Nigerian Stock Exchange and the New York Stock Exchange market are freely accessible to users.

Bamboo supports two-factor authentication and verification to secure all accounts, providing high-security protection. It is adaptable because it accepts deposits into its account in both Naira and Dollars.

You can open an account on Bamboo and start investing right away. You can fund your account with Naira and USD; you can do this by using a virtual dollar card or by sending the money directly from a domestic account. For purchasing US equities, Bamboo is a reliable software because it is secure and has CBN approval.

2. Risevest

investment app in Nigeria

Top 10 Apps for Buying Shares in Nigeria

Launched date: 2019

CEO: Eke Urum

Numbers of Users: 100,000

Compared to the other applications described above for buying shares in Nigeria, Risevest is pretty different. You can invest in dollar-denominated assets like overseas stocks, US real estate, and fixed income opportunities with Riesevest, an automated asset manager.

By allowing you to select a stock investment plan for as little as $10, the Risevest app enables you to invest in US equities. Simply select a plan and fund it, and the Risevest staff will handle the rest. Due to the automation of this stock trading program, you don’t need to conduct any study. Risevest is accessible on iOS and Android devices.

3. Trove

investment app in Nigeria

investment app in Nigeria

Launched date: Jul 2018

CEO: Oluwatomi Solanke

Numbers of Users: N/A

Another popular financial app in Nigeria is Trove, which offers access to international stock markets. Trove provides Nigerians with the chance to participate in important international stock markets, like the US, China, and others. You may invest in stocks using this software, and you only need an Android or iOS device to accomplish it.

Along with being an investment software, Trove also enables users to make a fake MasterCard for online transactions. This fake card can be used to pay for Netflix subscriptions and is linked to your Google Play Store account. Trove, a specialized investment app, is one of the best Top 10 Apps for Buying Shares in Nigeria.

4. Chipper Cash

Chipper Cash

Top 10 Apps for Buying Shares in Nigeria

Launched date: 2014

CEO: Ham Serunjogi

Numbers of Users: 4 million

Anyone may send and receive money across Africa and the UK using the cross-border money transfer app Chipper Cash, which is available in Nigeria. You may invest in stocks and bitcoin using this app as well.

As one of the apps to buy stocks in Nigeria, Chipper Cash enables you to diversify your portfolio by letting you purchase fractional shares of publicly traded overseas firms like Apple, Facebook, and Nike.

Chipper provides quick trade executions and minimal commissions. With the help of this software, you may start trading stocks and sending money as well. Chipper Cash is accessible on iOS and Android devices.

5. Passfolio

Passfolio

Top 10 Apps for Buying Shares in Nigeria

Launched date: 2017

CEO: David Gobaud

Numbers of Users: 130,000

It might sound too good to be true, but Passfolio is a financial solution provider software in Nigeria that enables anyone in Nigeria to participate in the US stock market for as little as $1. This software offers access to more than 200 different stock markets worldwide. In addition to purchasing US equities through the Passfolio app, you may also manage cryptocurrency. Passfolio is managed by specialists.

Opening an account with Passfolio is quite simple, and funding your account is even simpler. You may use the software, which is incredibly user-friendly and has a ton of features, to invest in the US stock market from Nigeria by simply installing it on your Android or iOS device.

6. Chaka

Top 10 Apps for Buying Shares in Nigeria

Top 10 Apps for Buying Shares in Nigeria

Launched date: 2019

CEO: Tosin O

Numbers of Users: N/A

Chaka is one of the fastest methods to make money in dollars in Nigeria. It’s a very popular investment app program that allows users to purchase shares from the US stock market. It’s as easy as ABC, and you may invest as little as $10 from your Chaka account. Both funding your account and withdrawing money from Chaka are fairly simple. On Chaka, there are more than 5000 US equities available for investment, and doing so is simple.

One of the top investment applications in Nigeria to grow your portfolio, Chaka is a professional-managed digital investment platform in Nigeria with an SEC license. You can trust that your money is safe with Chaka. On your Android device, you may download and set up Chaka, one of the top Apps for Buying Shares in Nigeria.

7. Afrinvest

Launched date: November 22, 2017

CEO: Godwin Obaseki

Numbers of Users: N/A

Investment platform Afrinvest, which is owned by Nigeria, focuses on asset management and secure banking. Online trading for Nigerian stocks is made possible by Afrinvest, which also provides live equities and trading so users may view real-time share prices. The online dashboard of this company allows you to trade fixed and equity investments.

8. Primary Offer App by NGX

Primary Offer App by NGX

investment app in Nigeria

Launched date: 2019

CEO:

Numbers of Users:

The Nigerian Exchange Limited (NGX) developed the main offer app as a digital tool to help investors interact with the Nigerian market. It’s simple to purchase portions of MTN shares using the Primary Offer App.

A minimum of 20 shares must be purchased through the POA, and each share costs only 169. This means that you may get 20 MTN shares for just 3,360.

9. I-invest

I invest

investment app in Nigeria

Launched date: 2018

CEO: Olusoga Oluseye

Numbers of Users: 500,000

Without a broker, the I-invest mobile app serves as an investment platform. Treasury bills and Eurobonds are just a few investments that may be easily tracked thanks to their user-friendly design. It only takes a few minutes to create an account thanks to its simple registration process. A debit card can be used to finance an I-invest account.

10. Payvest by Carbon

Top 10 Apps for Buying Shares in Nigeria

Top 10 Apps for Buying Shares in Nigeria

Launched date: May 2016

CEO: Chijioke Dozie

Numbers of Users: 2 million

Originally known as a loan application, Carbon offers quick loans to private customers. Payvest is a financial app developed by Carbon. Payvest offers investment options ranging from 10,000 to 10,000,000 Naira, with up to 16% interest possible.

With the app’s user-friendly interface, you can quickly keep tabs on your investments and spending from the dashboard. Payvest allows the flexibility to withdraw money at any moment and to fund accounts. The minimum investment amount is 100 Naira.

Summary

Here is a summary list of the Top 10 Apps for Buying Shares in Nigeria

  1. Bamboo
  2. Risevest
  3. Trove
  4. Chipper Cash
  5. Passfolio
  6. Chaka
  7. Afrinvest
  8. Primary Offer App by NGX
  9. I-invest
  10.  Payvest by Carbon

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